307 Melrose, Monrovia, California 91016, Monrovia, 91016 - 3 bed, 2 bath
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Monrovia, California 91016
This Single Family Residence represents a Strong Value Opportunity, listed at $1,199,000—positioned above the $1,098,306 Fair Market Value. While priced at a premium, the property features a Mint Condition Rating following a comprehensive "down to the studs" remodel, including new systems and solar. With approved plans for an 800 sq. ft. ADU and an adjacent lot available, this asset offers significant long-term growth potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-efficiency home in the Monrovia Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 307 Melrose Subject | $1,199,000* List Price | 3 | 2 | 1,309 | $839 | - |
A 149 Grand Avenue Sold | $1,100,000 | 3 | 2 | 1,281 | $859 | 0.7 mi |
B 375 N Canyon Boulevard Sold | $980,000 | 3 | 2 | 1,303 | $752 | 0.6 mi |
C 128 N Ivy Sold | $1,120,000 | 3 | 2 | 1,700 | $659 | 0.6 mi |
D 341 Norumbega Sold | $1,210,000 | 3 | 2 | 1,283 | $943 | 1.0 mi |
E 145 N Encinitas Avenue Sold | $1,185,000 | 3 | 2 | 1,200 | $988 | 0.5 mi |
F 333 Heather Heights Court Pending | $989,000 List Price | 3 | 2 | 1,289 | $767 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property underwent a complete 'down to the studs' remodel, featuring brand-new electrical, plumbing, roof, and HVAC systems. The kitchen and bathrooms are fully modernized with high-end finishes, and the inclusion of solar panels and EV charging confirms a mint-condition, maintenance-free status consistent with a renovation under 5 years old.
This 1912 home has been meticulously remodeled down to the studs, featuring all-new systems including plumbing, electrical, roof, and solar panels, offering the charm of a historic property with the peace of mind of new construction.
The property comes with approved plans for an 800 sq. ft. ADU and the option to purchase the adjacent lot, providing significant value-add opportunities for multi-generational living or rental income.
The interior features a rare historic Batchelder tile fireplace paired with modern amenities like EV charging and WiFi-enabled irrigation, perfectly blending architectural heritage with contemporary convenience.
At 1,309 square feet for a three-bedroom configuration, the interior living space may feel restrictive for families requiring larger communal areas or more spacious secondary bedrooms.
The property listing indicates no specific views, which may be a disadvantage in the Monrovia market where hillside or mountain vistas are often highly sought after by buyers.
Welcome to beautiful Monrovia — where timeless charm meets modern living. This practically brand-new 3-bedroom, 2-bathroom home has been completely remodeled down to the studs and offers a perfect blend of warmth, comfort, and modern design, all within one of the city’s most desirable neighborhoods. Thoughtfully upgraded throughout, the property features new Hardie siding, a new roof, new windows, brand-new plumbing and electrical, fresh interior and exterior paint, updated landscaping, new concrete work, solar panels, EV charging, and a WiFi-enabled irrigation system with gopher wire protection beneath the lawn. Inside, you’ll find a bright, modern living space with brand-new flooring, energy-efficient upgrades, and a stunning historic Batchelder tile fireplace — a rare and highly sought-after architectural feature. The spacious primary bedroom serves as a beautiful private retreat, offering comfort and tranquility within the home. Perfect for both homeowners and investors, this low-maintenance property offers long-term value with upgraded systems, smart technology, and approved plans for an approximately 800 sq. ft. ADU already in place, creating excellent future income or multigenerational living potential. As an added bonus, the adjacent 7,040 sq. ft. lot is also available for sale with plans nearing final approval, creating a rare development opportunity in an exceptional location. Located just moments from Monrovia’s popular Friday Night Street Fair, beautiful parks, and highly rated schools, this is a truly special property you won’t want to miss.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,309 | 1,687 | 30% |
| Lot Size | 6,569 | 7,577 | 31% |
| Price | $1.20M | $1.14M | 57% |
| Price per sq ft | $916 | $690 | 89% |
| Built year | 1912 | 1949 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 138 | 2% |
May 26, 2026
$1,199,000
Initial Listing
May 25, 2026
$1,999,000
Initial Listing
Jun 16, 2023
$1,100,000
Public Record